NAVY AWARDS RAYTHEON DIVISION $23 MILLION SLQ-32 CONTRACT
LEXINGTON, Mass., Dec. 28 /PRNewswire/ -- Raytheon Company's (NYSE: RTN) Electromagnetic Systems Division in Goleta, Calif., has been awarded a $23.5 million contract for AN/SLQ-32 shipboard electronic warfare systems. Raytheon won the major share of the competitive award, having been chosen by the Naval Sea Systems Command to supply eight of the 11 systems. The company's contract also includes an option for a ninth system. The AN/SLQ-32 is the principal electronic warfare system carried by all major U.S. Navy surface ships. The computer-controlled system is used to detect and jam radar-guided antiship missiles and targeting radars. To date, the Navy has ordered 428 systems from Raytheon. Those systems carry a total value of $1.5 billion, with new ship construction furnishing a production potential of more than 30 additional systems over the next five years. Since the Navy decided to award AN/SLQ-32 contracts competitively in 1989, Raytheon has won 40 of the 57 systems subsequently awarded. Over the same period, Raytheon has won $31.9 million of a total of $32.1 million awarded for spares and improvements introduced to meet new and emerging threats to the Navy's surface fleet. Raytheon, headquartered in Lexington, Mass., is a diversified, international technology company with sales in four business segments: Electronics, Aircraft, Energy and Environmental, and Major Appliances. -0- 12/28/92 /CONTACT: Dick Sherman of Raytheon, 617-860-2412/ (RTN)
CO: Raytheon Raytheon Company (NYSE: RTN) is a major American defense contractor and industrial corporation with core manufacturing concentrations in defense systems and defense and commercial electronics. Company ST: Massachusetts, California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). IN: ARO SU: CON (CONsole) The DOS name for the keyboard and screen. See DOS device names and DOS Copy con.
con - [SF fandom] A science-fiction convention. Not used of other sorts of conventions, such as professional meetings.
TM -- NE003 -- 0034 12/28/92 11:35 EST EST electroshock therapy.